Word is that the Republicans have flown the coop on Joe Biden's debt confab, and that they are now "demanding" to meet with the President on the subject. While highlighting the President's distance from the process is helpful, the Republicans are playing this wrong. Don't "demand" anything. Wait them out. Make the President "demand" a meeting with you. Remember--he's got more to lose than you do.
Everything seems to revolve around Republicans' stand on taxes--that is, no tax increase will make it through the House, so don't even consider one. Here are two tax increases I'm willing to support:
1. The "Super-rich" tax. This would be 3% surcharge on all income--or capital gains--realized over the amount of $10M in any one year. Several facets of this tax appeal to me. The first is that it treats capital gains like income, which i believe it ought to be in the regular tax code. Secondly, my Spidey senses tell me that it will disproportionately impact liberals and Democrats, or at least those who are so rich that they have the luxury and time to "care" about issues like social justice, poverty, the environment, and public eduction without ever giving a crap about the consequences of their largess.
2. The creation of a "1% bracket". What does that mean? It means that the very first thing one would do on a tax return is figure out what 1% of one's taxable income is. That figure would then be THE FLOOR. Everyone earning a wage would AT LEAST pay 1% of their income to the continuing operations of a government from which they draw continuing succor and from which they continue to demand an increasing flow of benefits.
VP Biden had this bit of fatuity for our listening pleasure:
“The only way to make sure we begin to live within our means is by coming together behind a balanced approach that finds real savings across the budget — including domestic spending, defense spending, mandatory spending, and loopholes in the tax code,” Biden said in a statement. “We all need to make sacrifices, and that includes the most fortunate among us.”
All of us, Mr. Vice President? All of us? Then stop weeding out "the middle class" from consideration. Stop fencing off the elderly. If there truly is to be shared sacrifice then LET IT BE SHARED. This notion that we can get what we need by simply soaking the rich is loony.